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Updated about 13 years ago,
HM lender vs revitilization of community
My family (many are MDs working in medicare neighborhoods and doing well with it) taught me throughout the years how to identify buildings for a good professional use. We are mostly from NYC but I'd like to take the idea to Chicago.
Question: I am now searching for funding for a project in Chicago. The project (residential 4-units) is surrounded by buildings that I see as prime candidates for a professional use, already in correct zoning. In fact I am in the process of making offers on some. I wonder if the HM lender I am trying to locate to fix the 4-units could be inspired by the plans concerning the rest of the community? I see revitalization influencing the ARV of my 4-units and would not mind sharing the big picture observation with others as it could be mutually beneficial. However, might my HML share my views? Did anyone had success with this before?